- Kingston Resources (KSN) posts record gold production figures over January 2023 from its Mineral Hill gold mine in New South Wales
- The company produced 1457 ounces of gold at an all-in-sustaining cost (AISC) of $1611 per ounce
- Kingston Managing Director Andrew Corbett says January’s figures mark another “outstanding achievement” for the company
- The company also posted record reconciled processing recoveries of 64.8 per cent for the month of January
- Shares in KSN closed 16.7 per cent higher at 10 cents on Thursday afternoon
Kingston Resources (KSN) has posted record gold production figures for January from its Mineral Hill gold mine in New South Wales.
The company produced 1457 ounces of gold at an all-in-sustaining cost (AISC) of $1611 per ounce.
It marks a steady rise on Kingston’s December 2022 figures, when gold production totalled 1347 ounces for the month.
The company also posted a record reconciled processing recovery of 64.8 per cent for January — a “significant” improvement on the 41.8 per cent recovery from a year ago.
Kingston Managing Director Andrew Corbett said January’s production was an “outstanding achievement” for the company.
“We’re particularly excited about the improving recoveries and the operations team’s laser focus on operating costs to fight industry-wide inflation,” Mr Corbett said.
“Our ability to optimise the plant’s performance gives us a lot of confidence in production for the remainder of the TSF project and in our transition to hard rock mining.”
The company said its TSF project enabled the company to generate cash flow benefits and grow its life of mine (LOF) inventory.
Shares in KSN closed 16.7 per cent higher at 10 cents on Thursday afternoon.